The China Iron and Steel Association (CISA) has announced that the total steel inventory at key Chinese enterprises stood at 15.29 million tonnes (mnt) in late-April 2025. Inventory levels decreased by 1.42 mnt or 8.5% from 16.71 mnt in mid-April 2025. However, the inventory inched up by 60,000 tonnes (t) or 0.4% m-o-m from 15.23 mnt in late-march. Y-o-y, steel inventories declined by 590,000 t or 3.7% compared to 15.88 mnt in late-April 2024.
Production volumes
The average daily crude steel output of CISA-affiliated mills touched 2.202 mnt in late-April, a decline of 1.2% compared to 2.229 mnt in mid-April. Furthermore, it edged up marginally by 0.1% y-o-y from 2.19 in late-April 2024.
The average daily finished steel output stood at 2.27 mnt in late-April, an increase of 7.6% against 2.11 mnt in mid-April. Moreover, on a y-o-y basis, output rose by 5.8%.
Average pig iron output stood at 1.96 mnt in late-April, reflecting a marginal drop of 0.3% against 1.956 mnt in mid-April. However, output increased by 1.8% y-o-y.
Outlook
Steel inventories at chinese mills declined, indicating improved demand or tighter supply conditions, while crude steel output registered a slight reduction. Moreover, rising finished steel output signals healthy demand, keeping the near-term outlook balanced.
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